Mashreq prices Dim Sum bond

UAE bank raises offshore renminbi funding

Aldar buys Sharjah homes

Deal adds 1,100-plus rental units

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience
  • 363 single-family villas will be constructed in Riyadh.

    SEDRA, spanning eight phases over 35 million square meters, integrates nature and local heritage, creating a unique living experience.

    The latest agreement with Retal underscores the commitment to delivering a modern, upscale, and sustainable urban community, ROSHN said.

  • Manama, Bahrain - Real estate transactions in Bahrain recorded a marginal 2.5 percent decline in Q3 2023, totaling 5,145 compared to the...

    Quoted apartment sales experienced a slight decrease of 1.7 percent, while apartment rents rose by 3.2 percent.

    Villa rents and sales, on the other hand, saw significant increases of 4.3 percent and 1.2 percent, respectively

  • DUBAI, UAE - According to World Health Organization data, 99 percent of the world’s population lives in places where air...

    Leading businesses recognize that they have an important role in reducing air pollution alongside greenhouse gas emissions.

    Business activity contributes significantly to air pollution globally but air pollution is not prioritized nor integrated into climate action.

  • Tehran, Iran--Trade between Iran and Russia has climbed 18 percent to US$1.7 billion in the first eight months of 2023....

    Jumping more than 40 percent up, the weight of trade between Iran and Russia was 3,748 million tons from March to November

    Iran revealed that $616, 326 million worth of goods were exported to Russia, which shows 32% increase compared to the same period last year

  • The company plans about $2.5bn in capital expenditures in 2024.

    McDonald's will seek to effectively grow its network of namesake sites by about one quarter in what it called the speediest expansion in the brand history

    For CosMc's - which McDonald's executives had teased in July - the company plans an initial store in Chicago in 2024 and nine others in Texas

  • Abu Dhabi, UAE--Egyptian Petroleum Minister Tarek el Molla announced an agreement on laying down a detailed road map for cutting...

    The agreement as per media reports will be signed by the the United States Trade and Development Agency (USTDA) within the framework of the COP28

    The minister said that Egypt supported green hydrogen projects in order to promote North African country's drive to become a green hydrogen regional center

  • Riyadh, Saudi Arabia - Saudi Arabia has rolled out a 30-year tax relief program aiming to lure multinational corporations to...

    Under the Regional Headquarters (RHQ) Program, participating companies will benefit from substantial tax incentives, including a zero percent rate on corporate income tax

    The RHQ Program, launched initially in 2021, has already licensed over 200 companies to operate their regional headquarters from Saudi Arabia

  • It wants to build a supply chain between UAE and Amsterdam.

    It signed an agreement to explore the development of a green hydrogen supply chain between Abu Dhabi and Amsterdam to support Dutch and European markets

    The green fuel is generated with green electricity from renewables like wind or solar, in a process that separates water into oxygen and hydrogen via electrolysis

  • Geneva, Switzerland - Global air cargo demand increased by 3.8% compared to October 2022, the International Air Transport Association (IATA)...

    Capacity was up 13.1% compared to October 2022 and 11.1% for international operations

    International belly capacity, for example, rose 30.5% year-on-year on the strength of passenger markets

  • The GCC equity market index rebounded notably in November 2023, with the MSCI GCC index rising 5.2%, led by Qatar...

    The GCC equity market index rebounded notably in November 2023, with the MSCI GCC index rising 5.2%, led by Qatar and closely followed by Saudi Arabia and Dubai.

    This resurgence is a positive sign for the region's markets, which are showing robust growth and diversification efforts, particularly in sectors like Pharma & Biotech.